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Strategies & Market Trends : The Rational Analyst -- Ignore unavailable to you. Want to Upgrade?


To: Scott H. Davis who wrote (1563)4/10/1999 4:08:00 PM
From: HeyRainier  Read Replies (1) | Respond to of 1720
 
Trades this week (edited):

Closed DELL position on Wednesday, April 7, 11:48am @ 45.75. Certainly not the most optimal exit point, but the buying enthusiasm resembled that of a blowoff top. All key custom indicators saw a price that had reached a short term upside limit, much like the opposite set of circumstances that led me to make an entry into DELL at exactly 10 points lower, exactly 10 days previous. On a leveraged basis, the return was about 45%; on an unleveraged basis, about 28%. Yum.

With my transition into a new job next week, I will become constrained in my trading: every position I enter into must be held for a period of at least 60 days (that's right). In the eyes of a trader, that is the equivalent of a set of handcuffs and legcuffs.

Consequently, I will have to sharpen my fundamental analysis techniques in order to catch the long-to-intermediate term trends that eventually bear themselves out into the company's stock price. The pinpoint focus will have to expand to the bigger picture, and will likely lead me to focus on depressed issues that have their downside risk beat out of them, and are on the verge of a next upswing in price.

RT